TOWN LANDS CHARITY CHEDDINGTON
RegisteredCharity[No. 235076]
ANNUAL REPORT AND ACCOUNTS for the year ended[31] March 2025
General Information Trustees' Report Independent[Examiner's ] Report ...................................... Receipts and Payments[Account] Statement of Assets and Liabilities Notes to the Accounts ......................................
TOWN LANDS CHARITY, CHEDDINGTON
GENERAL INFORMATION
| Charity | Registration Number: | 235076 | |
|---|---|---|---|
| Governing Instrument : | Trust Deed dated 24May 1895 | ||
| Trustees | : | Ex-Ofcio : The Rector : |
Mr A Krauss |
| Churchwardens : | Mr A Shepheard | ||
| vacant | |||
| Representative : | MrsP Banister | ||
| MissC Fee | |||
| Mr M Wamon | |||
| Secretary : | Miss CFee | ||
| Treasurer : | MrM Watson | ||
| Address | : | TheChase, Chaseside Close | |
| Cheddington | |||
| LeightonBuzmrd | |||
| Beds LU7 OSA | |||
| Bankers | : | Barclays Bank plc | |
| 2Market Square | |||
| LeightonBuzzard | |||
| Beds LU7 lEZ | |||
| Investment Advisors : | Barclays Bankplc | ||
| Charities InvestmentTeam | |||
| 1 Churchill Place | |||
| London E14 SHIP | |||
| Independent Examiner: | Tracey Ells | ||
| CamsBarn' Elsage Court | |||
| ChurchLane | |||
| Cheddington | |||
| LeightonBuzzard | |||
| Beds LU7 ORU |
Page 1
TOWN LANDS CHARITY,[CHEDDINGTON]
TRUSTEES' REPORT
OBJECTS
The Charity was set up by a Trust[Deed][dated][24] May[1895.][One-third][ of][ its][net][income][is][designated][as the][Church] Charity, to support[the Parish][Church][ of][ Cheddington;][the][other two-thirds][are designated as the][Town Charity,][ halfof] which is utilised for the assistance of[the] poor[and] needy[of][ the][Parish][with][the][remainder][being][allocated][for public] purposes[within the village.]
REPORT FOR THE[YEAR]
| General | The Representative Trustees are appointed by the Parish Council for terms offour years. The Trustees who served during the year are shown on page 1 ofthis report. The Trustees met four |
|---|---|
| times during the year. | |
| Responsibilities: | The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the fnancial position ofthe charity and which enable them to ensure that the fnancial statements complywith the Charities Acts. They arealso responsible for safeguarding the assetsof the charity and hence taking reasonable steps for the prevention and detectionoffraud and other irregularities. Whena newtrustee is required, recommendations are sought and the potential trustee invited to a Trustee meeting. New trustees are made aware of their responsibilities under the Charities Acts by reference to material published by the Charity Commission. The Trustees have had due regard to guidance published bytheCharityCommission on public beneft. |
| Finance: | BarclaysBankplccontinuedasinvestment advisors andmanagersduring the year to 31 March 2025. The Trustees continued totakeanactive interest in the performanceofthe portfolioof |
| investments and a representativeof the advisors attendedavideo call on November xxnd, 2024. Based on advice from Barclays theinvestments continue to be held in the Barclays Charity Fund which offers a higher return and lower fees. The Fund is categorisedas moderate risk with a 10 |
|
| yeartime horizon. Investment income for the year was £24,434 (2024£24,434) and rental incomeof£1,800 (£1,800). The Trustees continued to meetvalidgrant requests duringtheyear. |
|
| Church Charity: | £6500(2024:556.500)has been donated to St Giles Church to assist with the upkeep and operation |
| ofthe Church. | |
| PublicPurposes: | A total of £11,546 (2024 10,63 8) in grants has been made. Signifcant benefciaries includec cotribution to restorationofScout Hut(£xx),theVillageHall subsidy (:6 xxx) to subsidise the use 01 |
| the hall by local groups and theMethodist Church WIndows repair (£xxx). | |
| GeneralBenefit: | Grants totalling £7,837 (2024: £7,837) weremadeduringtheyear. £xxx for educational assistance, £xxx being grantsforhospital transportas approved by the Trustees. |
| Reserves: | The Trustees have a policyofmeeting requests forgrantsas far as reserves permit. They normally tryto carryat least one year's average expenditure in reserves, both to meet unplanned calls on the charity's income and to covernormal requests when investment returns fall. As at 31 March 2025 cash reserves are 14.0 months‘ average expenditure (2024: 14.0 months). |
| C Fee | |
| (onbehalfoftheTrustees) Date:March-2024 [69/ /l(c“$‘* CDC/how a©&5’ |
Page[2]
INDEPENDENT EXAMINERS REPORT TO THE[TRUSTEES] OF[THE]
TOWN LANDS CHARITY, CHEDDINGTON
I report to the charity trustees on my examination of the accounts of the charity[for the ] year[ended][ 31][March] 2025 which are set out on pages 4 to[7.]
Responsibilities and[basis][of ] report
As the charity’s trustees you are responsible[for] the preparation of[the][accounts][in][accordance][with][the] requirements of[the Charities Act][ 2011] ('the Act').
I report in respect of my examination of the charity's accounts carried out[under section][145][ of][the Act and in] carrying out my[examination][I][ have followed all the] applicable[Directions given by the][Charity Commission] under section 145(5)(b) of the Act.
Independent[examiner's statement]
I have completed my examination. I confirm that no material matters[have] come to my[attention][in] connection with the examination giving me cause to[believe that][in ] any[material ] respect:
accounting records were not kept in respect of the charity as required by section[130] of[the ] Act; or
the accounts do not accord with those records
I have no concerns and have come across no other matters[in][connection][with][the][examination][to][which] attention should be drawn[in] this report in order to enable a proper understanding[of][the][accounts][to][be] reached.
M676”[ZU7][mu] fida.”@2me fin», 155;; 66 /U’L7 ()(gap/A2
[’LS] Date .....[H3”) 10)]
Page[3]
TOWN LANDS CHARITY, CHEDDINGTON
RECEIPTS AND PAYMENTS ACCOUNT for the year ended 31 March 2025
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| General | Church | Town Charity | Total | Total | |||
| RECEIPTS | Fund | Charity | Beneft | Public | Funds | Funds | |
| Income from investments | 2 | 25,329 | - | — | — | 25,329 | 24,233 |
| Deposit accountinterest | 89 | - | 93 | 80 | 263 | 201 | |
| Grasskeep, wayleaves, etc | 1,800 | - | - | - | 1,800 | 1,800 | |
| Other income: Tax refund | - | - | - | - | - | - | |
| Interest received | - | — | - | - | - | - | |
| 27,218 | — | 93 | 80 | 27,391 | 26,234 | ||
| InvestmentSales | 2,613 | - | - | — | 2,613 | 2,360 | |
| 29,831 | - | 93 | 80 | 30,005 | 28,594 | ||
| Less: PAYMENTS | |||||||
| Charitable expenditure | - | 10,000 | 5,938 | 11,546 | 27,483 | 24,976 | |
| InvestmentManagementcosts | 2,480 | - | - | - | 2,480 | 2,340 | |
| Overheads | 3 | 3,043 | - | - | - | 3,043 | 805 |
| Fund prepayment | - | - | - | - | - | _ | |
| 5,523 | 10,000 | 5,938 | 11,546 | 33,006 | 28,121 | ||
| InvestmentPurchases | - | - | - | - | - | - | |
| 5,523 | 10,000 | 5,938 | 11,546 | 33,006 | 28,121 | ||
| Net Receipts/(Payments) for | year | 24,309 | (10,000) | (5,844) | (11,466) | (3,001) | 473 |
| Distributionofnet receipts | (30,000) | 10,000 | 10,000 | 10,000 | - | - | |
| Transfer between funds | - | - | - | - | - | - | |
| Balance brought forward | 10,708 | - | 4,001 | 7,868 | 22,578 | 22,104 | |
| Balance carried forward | 6 | 5,016 | - | 8,157 | 6,403 | :6 19,576 | £ 22,577 |
Page[4]
TOWN LANDS CHARITY, CHEDDINGTON
STATEMENT OF ASSETS AND LIABILITIES
for the year ended 31 March 2025
| fo | r the yearen | ded 31 Ma | rch2025 | ||
|---|---|---|---|---|---|
| Notes | 31/03/2025 | 31/03/2024 | |||
| FIXED ASSETS | |||||
| Land | 4 | 40,000 | 40,000 | ||
| Investments | 5 | 825,124 | 827,081 | ||
| £865,124 | £867,081 | ||||
| CURRENT ASSETS | |||||
| Bank accounts: | Trustees | 6 | 5,033 | 10,708 | |
| General beneft | 6 | 8,157 | 4,002 | ||
| Public purposes | 6 | 6,403 | 7,868 | ||
| £ 1 9,593 | £22,578 | ||||
| CURRENT LIABILITIES | |||||
| Accrued charges TOTAL NET ASSETS |
7 | £0M | £0 £889,659 |
||
| M Watson | |||||
| I’w5W P Banister |
VVVV | Trustees |
Dat : t8 /IO [25
Page[5]
TOWN LANDS CHARITY, CHEDDINGTON
NOTES TO THE ACCOUNTS for the year ended[31] March 2025
ACCOUNTING POLICIES
The accounts are prepared on a Receipts and Payments basis, so that they are a record of money received and paid in the financial year, and amounts owing to or by the Charity are not included[in the] figures.[Such ] amounts are[shown ] separately[in the][Statement][ of][ Assets and][Liabilities, which records] significant possessions[and] outstanding[liabilities][at][the][end][of][the][financial] year. The Trustees confirm that these financial statements comply with the legal requirements appropriate to small charities.
| INVESTMENT INCOME | 2025 | 2024 | ||
|---|---|---|---|---|
| Dividends and interest arising in year | 25,591 | 24,434 | ||
| £ | 25,591 | £ | 24,434 | |
| OVERHEADS | 2025 | 2024 | ||
| Investment account management fees | 2,480 | 2,340 | ||
| Insurance for feld | - | 320 | ||
| Sundry Expenses | 2,710 | 485 | ||
| £ | 5, 190 | £ | 3,145 |
LAND
The Charity owns 2.3 hectares of agricultural land, which is rented for agricultural use. The last professional[valuation] was[in][1999.][The Trustees reconsidered][the][value][in][October 2013][and decided] that a revised existing use valuation of £40,000 should be used[in] the Statement of Assets[and] Liabilities.
INVESTMENTS
Investments are handled by Barclays Bank plc (Charities Investment Team) on behalf of the Trust. The investmentsheld at the year-end are:
| The investmentsheld at the year-end | are: | are: | ||
|---|---|---|---|---|
| 2025 | 2024 | |||
| Market | Market | |||
| Cost | Value | Cost | Value | |
| Barclays CharityFund | 675,147 | 825,124 | 677,253 | 827,081 |
| £675,147 | £825,124 | £677,253 | £827,081 |
| 2025 | 2024 | |||||
|---|---|---|---|---|---|---|
| BANK ACCOUNTS | Trustees | Beneft | Public | Total | Total | |
| Current accounts | 1,750 | 107 | 256 | 2,1 13 | 1,462 | |
| Deposit accounts | 1,548 | 8,050 | 6,147 | 15,745 | 19,531 | |
| Dealing accounts | 1,73 5 | — | - | 1,735 | 1,585 | |
| 5,033 | 8,157 | 6,403 | £ | 19,593 | £ 22,578 |
Page[6]
TOWN LANDS CHARITY, CHEDDINGTON
NOTES TO THE ACCOUNTS
for the year ended[31] March 2025
| ACCRUED | CHARGES | 2025 | 2024 | |
|---|---|---|---|---|
| Independent | examination fee | - |
TRUSTEES' EXPENSES
None of the trustees received any income from the charity[in] the year (2023: none).
Page[7]
CHARITY COMMISSION Independent examiner's report FOR ENGLAND AND WALES on the accounts @
Section[A]
Independent[Examiner's] Report
Report to the trustees] Toms![kRN'DS] (musrr‘[Que‘msmew] members of On accounts for the yearended 3);[Memo“][2025] Charity(If any)(If any) any)[["0]]
Charity(If any)(If any) any)[["0]] 9356 07[19]
Set out on pages \‘VO 7
I report to the trustees on my examination of the acoounts of the above charity (“the Trust")[for] the year[ended][3\eT][More] .1095
- Responsibilitiesand As the charity trustees, you are responsible for the preparation[of] the basis of report accounts[in] accordance[with] the Charities[Act][2011] (“the[Act”).]
| in of the Trust’s accounts carried out
report respect of my examination under section 145 of the 2011 Act and[in] carrying out my[examination,] I have followed all the applicable Directions given by the Charity Commission - under section 145(5)(b) of the[Act.]
Independent examiner's statement Wmmmeeededfififififimmm
I have completed my examination. I confirm that no material matters have come[to] my[attention][(ether—than—that‘dtselesed—belew—a][In][ connection][with] the examination which gives me cause to[believe] that'In, any[material] respect.
-
. the accounting records were not kept[in] accordance[with] section[130] of the Act; or
-
the accounts did not accord[with] the accounting records; or
-
. the accountsconcerningthedid not[ form][ and content] comply[with][ of] the applicablerequirements[ accounts][ set][ out][in][ the][Charities] (Accounts and Reports) Regulations[2008 other than ] any requirement that the accounts give a[‘true] and[fair’] view[which][Is][not] a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection
with the examination to which attention should be drawn[in] this report[in] order to enable a proper understanding[of] the accounts[to] be[reached.]
- Please delete the words in the brackets if they do not apply. r: / Date: Signed: . / Wy/éfl Name: '1' RR cE \1 Lines
Relevant professional
qualification(s) or body (if any):
October 2018
1
IER
Address: amme ($an[,][£L$Ae£] CouQTV. QH-Ebvime’tou m7[oQu]
Section[B]
Disclosure
Only complete[if] the examiner[needs][to] highlight[matters][ of] concern (see[CCBZ,] Independent[examination][of ] charity[accounts:][ directions][and ] guidance[ for] examiners).
Give here details of any
items that the examiner wishes to disclose.
October 2018
2
IER